# CapitalX

> CapitalX is a San Francisco early-stage venture capital firm founded in 2020 by general partner Cindy Bi. It writes $100K-$500K seed checks into enterprise, SaaS, AI, fintech and developer-tools startups, with larger follow-on positions through SPVs, and runs an online-first, high-conviction model backed by an unusually operator-heavy base of limited partners. The firm points to a portfolio that includes Zapier, Rippling, Cruise, Turing, Flutterwave and Boom Supersonic, and a run of unicorn outcomes as its calling card.

- **Founded:** 2020
- **Headquarters:** San Francisco, California, United States
- **Founders:** Cindy Bi (General Partner / Founder), Dato' Eric Cheng (Co-Founder and CEO), Ronen Elrom (Managing Member)
- **Team size:** 2-10 (approx. 11 listed)
- **Products:** Seed Fund, SPVs / Follow-on Vehicles, Fund II, Operator LP Network
- **Notable:** Portfolio includes Zapier, Rippling, Cruise, Turing, Flutterwave and Boom Supersonic., Reports backing 18 unicorns, 15 of them from the seed stage., Built an LP base that is roughly 70% founders and operators across 10+ countries.

## Products & services

- **Seed Fund** — Primary $100K-$500K seed and pre-seed checks into enterprise, SaaS, AI, fintech and developer-tools startups.
- **SPVs / Follow-on Vehicles** — Larger later-stage positions of roughly $250K-$2M+ into breakout portfolio companies via special purpose vehicles.
- **Fund II** — A $50M vehicle continuing the pre-seed and seed strategy with enhanced LP access and founder support.
- **Operator LP Network** — A support network drawn from an LP base that is roughly 70% founders and operators, used for intros, hiring and product feedback.

## Achievements

- Portfolio includes Zapier, Rippling, Cruise, Turing, Flutterwave and Boom Supersonic.
- Reports backing 18 unicorns, 15 of them from the seed stage.
- Built an LP base that is roughly 70% founders and operators across 10+ countries.
- Co-invests alongside Sequoia, a16z and Founders Fund from a fund a fraction of their size.
- Grew from a ~$30M Fund I to a ~$50M Fund II.

## Latest updates

- **2023** — Launched a ~$50M Fund II focused on pre-seed and seed investments.
- **2024** — Continued seed deployment; unicorn count cited at 18 (15 from seed) across firm and third-party profiles.

## Links

- Website: https://capitalx.vc
- LinkedIn: https://www.linkedin.com/company/capitalx-vc

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Profile page: https://yespress.io/capitalx
Published by YesPress — https://yespress.io
Last updated: 2026-07-31